Morgan Stanley’s Jonas downgrades Ford, says EV technique is just not clear

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Ford CEO Jim Farley takes off his masks on the Ford Constructed for America occasion at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan.

Nic Antaya | Getty Photos

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Ford‘s pivot to electrical autos lacks a transparent path and its share worth will undergo consequently, in line with Morgan Stanley.

The agency’s Adam Jonas downgraded the inventory to equal weight from chubby on Wednesday, saying the corporate’s electrical automobile plan was not as focused as these of different authentic gear producers, together with GM.